Consolidated Planning Corp Has $7.80 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Consolidated Planning Corp decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,644 shares of the industrial products company's stock after selling 11,528 shares during the period. Caterpillar makes up approximately 1.1% of Consolidated Planning Corp's holdings, making the stock its 25th biggest position. Consolidated Planning Corp's holdings in Caterpillar were worth $7,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CAT. Proficio Capital Partners LLC lifted its stake in shares of Caterpillar by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after acquiring an additional 614 shares during the period. Victrix Investment Advisors acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $2,090,000. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $579,000. Wealth Enhancement Advisory Services LLC lifted its stake in Caterpillar by 18.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company's stock valued at $63,202,000 after purchasing an additional 30,070 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, Director David Maclennan bought 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now owns 6,653 shares of the company's stock, valued at $2,133,617.10. This represents a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 1.9%

Shares of CAT traded up $7.03 during mid-day trading on Tuesday, hitting $373.26. 3,833,227 shares of the company's stock were exchanged, compared to its average volume of 2,540,202. The firm has a fifty day moving average of $336.93 and a two-hundred day moving average of $346.43. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The stock has a market cap of $175.82 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.44 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The business had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same quarter last year, the company earned $5.60 EPS. The business's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a dividend of $1.51 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.62%. Caterpillar's dividend payout ratio is 27.49%.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial upped their price target on shares of Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Evercore ISI reduced their price target on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research report on Monday, May 19th. Finally, Bank of America upped their price target on shares of Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and a consensus target price of $380.83.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.